GOOD FOR CANADA
(Press Assn.-
EXCHANGp RATE OPERATES IN THE DOMINION'S FAVOUR
-By Telegraph' — Gppyrlgpt).
Auckland, Tuesday. According to Mr. R. Rohertson, a Vancouver merchant, who arrived by the Aorangi, Canada will save about 75,000,000 dollars per annum in interest alone because of the fact that the exchange rate with the United Stafes now favours Canada. Canada had been paying hetween 12 and 25 per cent exchange at various times, but Canadian funds are now at a premium of 4 to 5 per cent. He said nobody seemed able to predict the future in the United States. An outstanding feature was th.e confidence ev.erywhere in President Roosevelt. There was widespread confidence that if the N.R.A. fails, Mr. Roosevelt will fipd some other way out.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RMPOST19331227.2.35
Bibliographic details
Ngā taipitopito pukapuka
Rotorua Morning Post, Volume 3, Issue 724, 27 December 1933, Page 5
Word count
Tapeke kupu
124GOOD FOR CANADA Rotorua Morning Post, Volume 3, Issue 724, 27 December 1933, Page 5
Using this item
Te whakamahi i tēnei tūemi
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in